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. now time for your h comments. writing into their hope barack obama gets all the taxes he wants. i'll bthe first to say i toldd you so when the consequence happens.n t people learn the hard way.n obama never negotiate, he just demands something of complaints. when he doesn't get what he wants. he is far more mature than that, don't you think? we will keep thinking about that. thank you for your comments. we love hearing from you. we love hearing from you. >>> a massive winter storm wreaks havoc bringing blinding snow and devastang tornadoes. at least six are dead, over a thousand flights canceled nationwide stranding holiday travelers and worries things could get worse. welcome, i'm eric bolling in for neil cavuto and this is your world and we're tracking a deadly winter storm as it makes its way towards the east coast. in indiana, heavy snow stranding dozens of vehicles asolkseal with blizzard. a foot in bloming to know. across the south and southst 34 twisters leveled homes. in mississippi for than 25 people injured and 70 homes damaged. that number expected to rise. the storm kn
: happy new year to you, lauren. and on thursday, president obama signed an executive order that ends a pay freeze for congress and federal workers that is. as our march this coming here, federal employees will see 1/2% to 1% pay increase and get this, 535 members of congress will also get a raise. so, federal workers, 2 million of them already earn more than the rest of us, they get more. and congress, totally failing to do its job, will also get a raise. about 900 bucks each. do they deserve it? according to the latest rasmussen poll you say, oh, no, scott rasmussen joins us now. all right, scott, i've seen the numbers, 5% think that congress is doing a good or excellent job. that's it? >> that's it. 69% say they're doing a poor job and stuart, i know this is going to be hard to believe, i think those numbers are going to get worse. stuart: really? >> yeah, the reason i say that is we have all of this talk about the fiscal cliff negotiations, that are going to eliminate this middle class tax hike, but the fact is, payroll taxes are going up. if you make $50,000 a year, you're going
the cliff. pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have the house of representatives look at it. i think the deal is cut. they will get legislation and vote on it late monday night. >> andrea: do you think a deal is cut? i talk to people and they say no deal. >> eric: there is no deal. they are saying no deal. president obama coming back to d.c. to fix what he broke in the first place. two solid years to deal with it. this is a gimmick, the flying back from hawaii to do this. nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress.
wish to god she had had an m-4 in her office. >> michelle obama gets definitive on a future run for office. and tonight, i will deliver my verdict on spike lee versus "django unchained." >> what's your name? >> django. >>> with little more than four days until the fiscal cliff, we now know that all the relevant parties will be in washington in three days. that's right. three days from now. on sunday evening before the redskins beat the cowboys. the house will finally reconvene. why? is it to finally strike a deal? honestly, no one knows. but one thing is certain. house speaker john boehner and his fellow republicans could no longer weather the incredibly bad optics of sitting at home while the president of the united states and the senate were in washington. president obama arrived back at the white house this morning. the president will host a meeting tomorrow afternoon with senate majority leader reid, senate minority leader mcconnell, speaker boehner, and leader pelosi at the white house. senate majority leader harry reid took to the senate floor this morning to, shall we say
for rational discussion. lou: thanks for being with us. president obama's first callll after winning his second termter went to president bill clinton. hey, what happened to governore chris christie? former clinton special counsel wnd steven haze of the weeklye standard dryness. [poignant country music] ♪ ♪ remember when ♪ we vowed the vows and walked the walk ♪ and gave our hearts ♪ made a start and it was hard ♪ ♪ we lived and learned ♪ life threw curves ♪ there was joy, there was hurt ♪ ♪ remember when ♪ ♪ remember when ♪ we said when we turned gray ♪ ♪ when the children ♪ grow up and move away ♪ we won't be sad ♪ we'll be glad ♪ for all the life we've had ♪ and we'll remember when ♪ ♪ remember when ♪ lou: exit polls show a deepenini racial divide, some say, at the voting groups. d key groups such as hispanics, blacks and asians puttingbama oe president obama over the top.cta the strength of support.e stre joining us now, former specialrm counsel to president clintonide lonnie davis, steven hayes, senior writer for the weeklythey standard, but
court's landmark health care decision to the reelection of president barack obama. and politics headed in a decidedly liberal direction, so what happened and what does it mean for the country going forward. joining us columnist and detail editor, dani henninger and kim strassel. dan, we like to say for a long time we live in a center-right country. if you look at the last two presidential elections that doesn't seem to be the case. are we living now in a new, progressive era? >> in terms of the presidency, i think we are, paul. i'm not sure about the country. barack obama i think is the center left or left wing president since the great depression and i think that what barack obama has in mind to do is indeed to redistribute income from the top downward, not to cut spending, but to increase spending, it's explicit from a 20% of gdp to 25% gdp and rather than cut spending raise taxes as necessary to support that spending and i would say that is in fact essentially the french model. and the question is whether it can support enough growth in the economy. >> paul: taxes are going up, we k
, mr. president, did you try? we don't have those hard hitting reporters when it comes to obama. >> they want access to washington, d.c.. if you want to have access your not going to have a hard hitting news reporter. >> but let's go to the night of the election and go to nbc. why was he thankful for hurricane sandy? watch this. >> good work for them. good work for him. a good day for america. i'm so glad we had that storm last week. i think the storm is one of those things politically bringing in possibilities for good policy. >> thank god for that storm. >> do you know what? that is so typical of the left. it's politics over everything else. and people suffered great devastation. all matthews can think about is how it might have helped ob yaum yachl had we said anything like that, that would have been... >> and then, chris matthews you have a man who people did agree with him and here here he is saying political advantages of a storm that nearly wiped out a town. >> it's sick. >> i think that we have to realize with the media is that you may have reported it's for years libera
.o.a. in the senate i? way. the republicans are losing the debate on the fiscal cliff. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the president to star in his own superhero film. he will cut the hawaiian vacation short and come back to save us mere mortal from the fiscal cliff. winning the optics war and winning it big. juan, how did you get the ball back from the republicans? they had it. this was obama's economy, his face calf cliff. now boehner fails on the vote and next thing you know, the ball is in your court. >> juan: i think you are right. i think boehner at the moment looking weaker. he is out of this altogether at the moment. his troops abandoned him. he is okay keeping the speaker on january 3 when the republican caucus vote but you are hearing rumors about eric cantor who is next to him launching some kind of a coop at the moment. i don't know where it goes. but it seems that he is in a position where the republicans in the senate and the white house are really the ones who will
what people are going to do. all i'm saying is i think the case that we can make, barack obama's policies are passed, our expectations, our dreams for women, contrasted with the republican agenda as it has been and continues to be relative to women, i don't think it is a close call. >> okay. >> and i think women will make that judgment. >> let's get back to the economy for just a moment. a white house campaign staff member told me yesterday that 67% of the american people want the wealthy to pay more. do you believe that number? and do you think the people are with you on that? >> absolutely, look, i come from a wealthy state of little delaware, and got elected seven times in the state being a progressive. and i never once engaged in the so-called class war fare. because i found out, and you know as i do, wealthy people are just as patriotic as lower class and middle class people. >> you said they're ready to do more. >> i remember looking at a poll, we were trying to get the jobs bill passed. and we said in order to put 400,000 teachers and teachers aides, and firefighters and
. >> big bird. >> binders. >> i just called president obama to congratulate him. >> i congratulated him and paul ryan on a hard fought campaign. >> i prey that the president will successf fuful in guiding nation. >> we are an american family and we rise or fall together. the task of perfecting our union moves forward. >>> tonight we are celebrating the year in the news, the winnersnd the losers, the person of the year and we will handout the donald trump award to the person who has embarrassed him or herself the most this year. all right. let's start with the most valuable player of the 2012 presidential campaign. alex wagner, the most valuable player of the 2012 campaign. >> in my book, it's david pluf. i think this is a line in the sand for american campaign politics. i think, you know, you said beginnings of what with dean and certainly obama .10. >> crystal, most valuable player of the 2012 campaign. >> i have to say we don't know exactly his identity or her yooidity, but the -- probably the waiter who placed the camera at the mitt romney fund-raiser and captured the 47% comments wh
interview president obama said compromise will be a key to making a deal. >> it is very important for republicans in congress to be willing to say we understand we are not going to get 100%. we are willing to compromise in a serious way. >> senate leaders hoped to send a plan right about now. the talks have broken down. listen to what senate leader said on the floor a short while ago. >> now, i'm concerned about the lack of urgency here. i think we all know we are running out of time. this is far too much at stake for political gamesmanship. the consequences of this are too high for the american people to be engaged in a political messaging campaign. i am interested in getting a result here. >> we have been trying to come up with some counteroffer to my friends' proposal. we have been unable to do that. i had have had a conversation with the president and that this stage we are not able to make a counteroffer. >> what happens now? with us is cello o'donnell and kristen welker. >> we are sort of at a pause point. if you are looking at the tone of these leaders what is i think optim
. >>> president obama is back in hawaii today after making permanent the bush tax cuts for 98% of americans. no word if the president will be signing it today with a pen in one hand and muay thai in the other. included in the bill. extension of unemployment benefits for a year and a two-month delay of the automatic spending cuts better known as the sequester. on deficit and debt, the deal is more of a punt, but just averting the cliff has sent the markets soaring with the dow already up over 200 points. while it's no grand bargain, the bill does not tackle spending, by the way, don't miss the significance of this vote. republicans by an overwhelming majority in the senate and minority in the house voted to race taxes for the first time in two decades. just before 11:00 p.m., grover norquist tried to keep his infamous pledge from going obsolete, tweeting "the bush tax cuts lapsed at midnight last night. every "r" voting for senate bill is cutting taxes and keeping his or her pledge." sorry, grover, the impact of the bill is absolutely a tax hike. supporting it was not unanimous, all but five
, happy new year. >> president obama got memo to wear the same tie there getting praise for his working with senate republicans vice president biden that,. the president saying leaders did the right thing passing legislation in the house tonight and in the senate early this morning to avoid the fiscal cliff. used phrases that he has used before saying that the deficit needs to be reduced in a way that is balanced saying he will not have another debate with this congress over paying u.s. bills up against the debt ceiling debate. republicans and mitch mcconnell working very closely with vice president biden signaled that that debate is coming. that very debate that the president said he will not have, again. let's bring in our panel for final thoughts. steve hays, amy stoddard and charles krauthammer. charles? >> i think the president laid down the marker. we have to increase investments which is democratic way of saying spending growth, bridges, are indeed education etc.. so it's clear he wants to increase spending he's willing to give a nod to a cut here and there but wants more spendin
crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> we're starting at the very early ages to try to help young people speak. that is a direct relationship to being successful in school and being successful in your life >> woodruff: and we close out 2012 with two takes on history, first, a look at the emancipation proclamation on the eve of the 150th anniversary of president lincoln's action to end slavery and the civil war. >> woodruff: plus michael beschloss and richard norton smith talk about potential historical turning points of the past year. that's all ahead on tonight's newshour. moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technolog
. with me today, ben stein. steve cornaki is joining us, as well. president obama returned to washington moments ago, cutting short his christmas vacation. the president has now spoken with all four congressional leaders, according to the white house communications director he. the house remains on vacation, but there are a few signs of life in the capital. gop leaders have released a new statement with an old message to the senate. the ball is in your court. the statement says the house will take action on whatever the senate can pass, but the senate first must act. well, this morning, senate majority leader reid slammed the house republicans not not even showing up. >> if we go over the cliff, and it looks like that's where we are headed, the house of representatives as we speak with four days left after today before the first of the year aren't here with the speaker having told them they will give them 48 hours inside. i can't imagine their conscious. >> well, senator reid is expected to hold a news conference about the talks this afternoon. so here is where we stand. reid wants to ge
. who is it, rick? >> unfurl. >> our person of the year for 2012 is president barack obama. >> that's a shock. >> this beautiful photograph. we were in the white house last wednesday. obama posed for a picture, and then we did a terrific interview. the story is by michael scheerer, white house correspondent. and i know you got -- joe, i know you predicted it. i tuned in yesterday. i think it's kind of impossible to do an alternative choice. >> there's sometimes you've got to do that. >> he's a dominant figure. you know, this couple of amazing statistics, is he the first president since fdr to win with a majority of the vote in consecutive terms. he did that, you know, against an unemployment rate that was higher than anybody has ever won against except for roosevelt, 75 years ago. and i think the -- you know, part of what our story did, michael scheerer really was the first person to write about, you know, the data crunchers in the obama campaign. but all that showed, it wasn't just about demography, but it was about how the country really has changed and really is changing. and the
. >> the first face-off from the republican front-runners. the main target was barack obama. >> whoever the nominee is, we all want to give pete barack obama. >> the third one, i can. >> this is a president who talked about lowering taxes even if he raises them. >> we will not be barack obama with some guy who has swiss bank accounts. >> 9-9-9. game on. >> the people of i was spoke, so i have decided to stand aside. >> thank you, new hampshire. >> mitt romney scored a decisive victory. >> the south carolina at surprise. newt gingrich wins. >> we will suspend our campaign effective today. we are not done fighting. >> mitt romney is the winner in texas. >> mitt romney has 30 more delegates than he needs to win the republican nomination. >> my running mate and the next vice president of the united states, paul ryan. >> mitt romney took his running mate for a test driver in nascar country. >> all i am asking is we go back to the rates under bill clinton, for folks like me. >> i am not going to shut up. it is my turn. >> i accept your nomination for president of the united states. >> you mus
se reune el presidente obama con lideres del congreso en busca de evitar que el pais caiga en el abismo fiscal. y si no se llega aun acuerdo.. productos como la leche podrian subir de precio drasticamente. atencion jovenes de la tercera edad..nunca es tarde para empezar una rutina de ejercicios.. le diremos como hacerlo. en los deportes les contaremos como esta el ex-triple campeon del mundo wilfredo benitez. y un artista internacional nos habla de una campaÑa a favor de los mas pequeÑos... hola que tal?.. bienvenidos !!!una reunion de ultimo minuto se dio a conocer esta tarde en la casa blanca para evitar que el pais caiga en el tan llamado precipicio fiscal ... asi es el encuentro obligo a que algunos congresistas regresaran antes de lo previsto a la capital... al parecer esta habia sido una reunion constructiva y se dieron avances. el presidente barack obama a puertas cerradas y de emergencia intento llegar a un acuerdo con los lideres del congreso para evitar lo que se conoce como el precipio fiscal....los congresistas se fueron sin hacer agun tipo de comentario... es ca
: president obama summoned congressional leaders to the white house today hoping for a deal to avoid the fiscal cliff. the power brokers have four days before the government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to give a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together but it's a total dereliction of duty and a lack of courage to deal with the issues. >> it rests in the hands of the senate. >>> president obama is scheduled to give
was modestly optimistic about a deal on taxes. speaking in the white house briefing room, president obama condemned congress for failing to resolve its differences in in normal way. he held firm to middle-class tax cuts to families making $250,000 per year. joining me now from the white house is nbc's kristen welker. kristen, let's take a look at what the president said about what he expects from the senate. >> i just had a good discussion from house leadership about how to prevent this on the middle class. i believe we can reach an agreement. if an agreement isn't reached in time between senator reid and sno senator mccollum, i will reach to him. i believe such a proposal could pass both houses with bipartisan majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to be the big news of the day. isn't this what the white house wanted all along? >> well, it is and it's president obama's way of saying, look, vote on his basic proposal, the
.s. president barack obama said he succeeded in increasing taxes for the rich in the face of protests from republicans. >> there is a path forward, that it is possible, if we focus not on our politics but what's right for the country. the one thing i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> obama suggested he would sign the bill, but he suggested lawmakers would need to revisit their discussions to bring down the federal deficit. >>> the efforts to avoid the fiscal cliff in the u.s. gave asian markets a boost. share prices gained ground in the first trading session of the year. the hong kong stock exchange saw many buy orders after it opened on wednesday. the key hang seng index closed 2.9% higher than it did on december 31st and even surpassed last year's high the benchmark index in south korea rose 1.7% from the 2012 closing. and the main index in singapore gained 1.1%. analysts tell nhk investors can be comparatively opti
>> barack obama calls for compromise as the u.s. approaches the brink of another economic crisis. in a rare appearance on a u.s. talk show he appealed to congress to make a deal to avoid tipping the country into recession. you're watching al-jazeera live from london. also coming up, 21 policemen are buried in pakistan after being kidnap and shot by the taliban. anger and grief in india. candlelit vigils continue as the 22-year-old gang rape victim is cremated. plus moments of impact -- amateur video captures a russian plane after it overshoots a runway and crashes into a motorway. hello, president obama has made another appeal to the u.s. congress to reach an agreement in the next 48 hours to avoid the so-called fiscal cliff. it's a term used to describe the expiry of tax cuts dating back to 2001. if there is no deal, 88% of americans will end up paying $400 billion more in 2014. that will be coupled with more than a trillion dollars in automatic government spending cuts. according to the congressional budget office it will start with $200 billion in military and social welfare c
fiscal... ...cuales son los retos que debera enfrenta el presidente barack obama en su segundo mandato? ... conozca lo que dicen los expertos... ... a partir de hoy, los casino de maryland comenzaran a operar las 24 horas del dia... hola que tal?... bienvenidos !!! ... el control de armas, el abismo fiscal, inmigracion y la seguridad nacional son algunos de los principales retos que debera enfrentar el presidente barack obama durante su segundo periodo presidencial... lilian mass, nos habla sobre estos desafios.. cgs 1.- luis Álvarez / ciudadano 2.- patricio zambrano/ analista político 3.-lilian mass / washington, dc el primer periodo del presidente obama liderando la naciÓn esta por terminar.. un periodo en el que se llevaron acabo muchos cambios pero tambiÉn quedo mucho por hacer y la poblaciÓn considera que debe actuar ra pidamente en buscar soluciÓn a los problemas que agobian a la ciudadanÍa.. " eso de no subir los impuestos, las armas tampoco no se permitan en el paÍs con tanta perdiciÓn que ha habido y la reforma migratoria"" en principal las aa reforma migratoria
and unconstitutional. >> barack obama ramping up plans for a second term despite harsh criticism from opponents. what can we expect in the next four years? >> from the moment we met ben outside of st. peter's, russia, we fell in love. >> and tensions escalate between the u.s. and russia after putin tells americans he won't let them adopt russian children. could this be the start of a new cold war? caution, you are about to enter the no spin zone and "the factor" begins right now. ♪ >> laura: thanks for watching us tonight. late yesterday, supreme court justice sonia sotomayor denied an appeal to temporarily delay the obama care contraception mandate. it requires workers health benefit plans to cover the morning after pill and other emergency contraceptions. in september is, hobby lobby a chain of more than 500 arts and crafts stores and its sister company of christian themed book stores sued the government claiming it violated the religious rights of the company's other thans, evangelical christians. they requested emergency relief from the emergency contraception mandate after a lower court denied
this they go talk to president obama and hairy reid, come back to say, sorry we're not atloud work the deal. they didn't want to deal then. they don't want a deal now. it worked out well for them not to allow a deal last time. they blamed us last year. them and it worked and got go over the cliff? blame republicans. not let the senate pass anything. we get away with it, again. >> allmúwu right. here is the quandry l dilemma. congressman> i think it does. the house acted. we acted on august 1 last week rejecting a proposal from our gone where the president wants to go and raise taxes onc-?9t certain folks. the senate has not acted. they haven't acted for 1
bolling, andrea tantaros. congressional leaders met with president obama at the white house in a last-ditch attempt to come to an agreement on how to avoid the looming fiscal cliff crisis. but as the hours tick down, neither side is optimistic. what will that mean for the american people? eric? >> again, i am on the record as saying, i was with you this morning saying i think we should name it the obama cliff and i think we should swan dive off of it because it's the only way democrats will cut spending because they are forced into it. if nothing happens, if a deal isn't struck over the next couple of months, people's paychecks will get smaller because payroll taxes will have expired. peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wan
went and embraced obama. that was a big deal. he was the main people surrogate for romney campaigning in the election for him to validate and say hey, this guy is doing a great job. didn't help days before the election. >> eric: big story. sandy. christie. two big stories. >> kimberly: yes. >> eric: juan, what about you, sir? actually i don't think there is any -- >> juan: i don't think there is any question. the big story of the year was the election. the big story here is the change in the way technology, media treats an election. i remember the debate. the first debate. won by romney. the way i was looking at it. obama is not doing bad. not doing great but basically you got to knock out the champ to beat him. it didn't see a knock-out. all my friends like sean hannity, i sit next two on twitter and they're scoring the debate minute by minute, everything going on in social media. in that case, romney was the winner. that's true with fundraising. each campaign raised $1 billion. how much money is that? for what? >> andrea: how could you think that obama was doing just okay job? just
. the republicans are losing the debate on the fiscal cliff. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the president to star in his own superhero film. he will cut the hawaiian vacation short and come back to save us mere mortal from the fiscal cliff. winning the optics war and winning it big. juan, how did you get the ball back from the republicans? they had it. this was obama's economy, his face calf cliff. now boehner fails on the vote and next thing you know, the ball is in your court. >> juan: i think you are right. i think boehner at the moment looking weaker. he is out of this altogether at the moment. his troops abandoned him. he is okay keeping the speaker on january 3 when the republican caucus vote but you are hearing rumors about eric cantor who is next to him launching some kind of a coop at the moment. i don't know where it goes. but it seems that he is in a position where the republicans in the senate and the white house are really the ones who will negotiate the
negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>> from the david petraeus scandal to the trayvon martin tragedy. the media's performance in 2012, we'll have a report card. i'm howard kurtz and this is "reliable sources." >>> it was a striking moment when david gregory brandished that high ammunition magazine last sunday so much so we played it on this program. but that braumpted a d.c. police whether he violated the city's gun laws, one controversy that they fuind under assault. and eric who blogs about the media for "washington post." simple question, eric, should david gregory be prosecuted? >> well, i think he should be investigated. i'll leave that up to the prosecutors. but i definitely do believe unlike greta van susstrn and unlike you. >> and the "wall street journal" page. >> it turns out the district of columbia and lawmakers decided that any magazine in excess of ten rounds is a danger to the p public. >> you don't see this a
daddy obama has beaten back the nasty republicans and now there aren't going to be -- no more brinksmanship, no more cliffs, it's all fine, they're going to roll over on the debt ceiling, it's all good now. maybe everybody is thrilled with barack obama as they were with george bush right after 9/11. that had some legs. that lasted for a while, but it ended in tears and so will this and that's really all i'm saying. >> jack, i only give it one cheer. i'm trying to be optimistic. what is your single favorite investment sector, jack? >> i think we have to look at technology. right now you have got creative destruction that has worked its way through. medical bills sneak up on you. corporations have to migrate to the cloud. it's now a question of survival. it's no longer a question of when to do it, it's a question of now i have to do it. so look for that. >> yes or no, jack, one word, yes or no, does the market continue to rally tomorrow? one word. >> yes. >> don, one word? >> let's make it fun -- no. >> all right, you got it, gentlemen. two of our absolute favorites. >>> stock m
president obama who had been concerned that they were not going to act and challenging them for an up and down vote said he was optimistic. here's the president after that meeting. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> now what would be in that mini deal? we're talking about tax increases for people at near the top of the income scale. the question is the threshold, 400 or $500,000 are the likely places that that could end up. it would likely turn off the automatic sequester by using some of the revenue from the tax increases to account as budget cuts and turn off they is quester and it would also extend unemployment benefits and do the so-called doc fix to prevent reimbursements from declining and also have a milk fix, michelle that would prevent the doubling of milk prices which would occur without an extension of subsidies. >> why aren't people more optimistic? i have
cliff. no to a cat food christmas. >> as president obama meets with congressional leaders at the white house, we speak outgoing democratic congress member dennis kucinich about the so- called fiscal cliff and a bill to continue the controversial domestic surveillance program. then, will the government -- of nerve north carolina pardon the wilmington 10? >> it is not a secret an injustice has been done. now, governor perdue has an opportunity to right the wrong. we cannot go back to 1980. this is 2012. >> the north carolina governor is being urged to pardon a group of civil rights activists were falsely convicted and imprisoned 40 years ago for the firebombing of a white owned grocery store. the conviction was overturned in 1980, but the state has never pardon them. we will speak with one of the wilmington 10 who served eight years behind bars and it became head of the naacp. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama is set to meet with congressional leaders at the white house just three days be
ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts us out. >> it seems they are really hashing out details of what to do about the sequester, those are the massive spending cuts. how long you delay those down and otherwise pay for them seems to be the crux of the negotiation going on behind closed doors right now but it is very difficult to find out exactly where these negotiations stand because all sides are being very, very mum. we can tell you that democrats appear to be getting a little bit concerned about where this is headed. take a listen to senator tom harkin who took to the senate floor earlier today. >> the deal must be one that really does favor the middle class, the real middle class, those making 3
in this morning's "washington post" -- president obama and senate leaders were on the verge of an agreement that would let taxes rise on the wealthiest households while protecting the vast majority of americans from tax hikes set to hit in january. welcome to the saturday edition of "and the washington journal." for the first 45 minutes of the program we are going to be talking about senate negotiating a fiscal clifts deal, what has been going on on that half of the capital. see what they are talking about and how things are going. we want to get your input and your part of the conversation. you can reach out to us on twitter. facebook, facebook.com/cspan. and you can send us an e-mail. this is more from the article, the lead story in "the washington post." they ride, the development marked a breakthrough after weeks of paralysis. joining us by phone is one of the authors of that article, and, laurie, welcome to the program. tell us, what kind of a deal did the president offered? what is new in the negotiations among the senators and between the senators and the white house? caller: there d
. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the senate floor. he said he one of the president to be a one-term president. the people voted obama back in. host: the minority leader, mitch mcconnell, has been negotiating with the vice president joe biden to come to some sort of agreement. what you make of that? caller: i'm talking about what mitch mcconnell said in the beginning. he did not want to work with this president. the want it to see him fail. they're hurting the american people by not helping obama. obama is good for the country, but people that listen to rush limbaugh, sarah palin, and fox news, that is why this country is going down like this. host: let me get your thoughts on president obama as a negotiator. what do you think? caller: he has reached out and showed an olive branch dejon banner ever since he has been in. -- john boehner ever since he has been in. president obama has tried to work with these peop
or shut up time for congressional leaders. president obama addressed reporters from the white house this evening. roughly an hour after meeting with leaders of the house and senate. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with is going t
when president obama calls mitch mcconnell, bring the republican leader in the process. what happens now is very important. as sam said, they'll be negotiating today and over the weekend in the senate. and if this $250,000 comes to the floor, if a few republicans attach themselves to what reid and obama agree to, then that means when it pose gophers to the house it has a much better chance of attracting republican support. if mitch mcconnell aligns republicans and tells everyone to oppose it in the senate republican conference, the chances of it succeeding in the house are pretty low. >> sam, is this the end of the road for grover norquist and his pledge? >> it's odd because grover was the one sort of outside government institution on the conservative side who agreed with speaker boehner's plan "b" which would have allowed taxes to go up above $1 million in income. all the other conservative groups say no. i think grover's pledge, i don't know where it goes from here. obviously is doesn't have as much teeth as is it did because there are people who are willing to buck it. >> i think
president obama come out earlier today and talk about the fact that look, this isn't a perfect deal. this represents compromise on all sides. part of the reason you saw president obama come out today is not only to pressure republicans, but also to pressure democrats to get the deal done before this midnight deadline that is now so close and that is fast approaching. so there is some opposition that is being voiced from the left. could this impact the decision of some senate democrats? we'll have to wait and see, certainly. but, of course, when these deals come together, there are a lot of discordant voices. vice president biden, as kelly mentioned, is prepared to go to capitol hill if senate democrats meet and they decide that he is needed there, he will go over and meet with them. and he is of course has been critical to moving these negotiations forward. minority leader mitch mcconnell reached out to him over the weekend saying he needs a dance partner in these negotiations. vice president biden entered the negotiations, and things really seem to start to move forward. of course,
after the end of the first term for president obama saying that she frankly just needed some rest. now unfortunately hospitalized for this blood clot. we will, as i said, keep you posted as we get more information. >>> meantime, the fiscal cliff stand-off in washington continues. at this late hour the senate and house of representatives both went into recess, still no deal. republican senate leader mitch mcconnell reached out to vice president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained cpi and basically would reduce the amount of
. >>guest: they do. obama said that the other night with the pep rally when he said if republicans think this is the last of the revenue measures they have another thing coming. this is obama who said he was not going to raise taxes on anyone making under $200,000. he now has raised taxes on 80 percent of the american public. >>neil: you are talking about the payroll tax, holiday expiring. >>guest: that counts. >>neil: people out what we are liking to see. obviously we have a lot more will to spend than anything else but so pay for that you have to get more money proposed. >>guest: right, but what will happen ironically and now republicans are complicity in this, we are actually going to see revenue for that upper income tax bracket go down. when you raise taxes on an segment of income, the tax revenue constricts. reagan showed us when you lower it, even significantly, you will see a significant increase in what the government gets back. we are headed in an implausible direction where tax revenue will be constricted and government spending is continuing and growing. so, what we are reall
where christie, game changer for the election, where christie went and embraced obama. that was a big deal. he was the main people surrogate for romney campaigning in the election for him to validate and say hey, this guy is doing a great job. didn't help days before the election. >> eric: big story. sandy. christie. two big stories. >> kimberly: yes. >> eric: juan, what about you, sir? actually i don't think there is any -- >> juan: i don't think there is any question. the big story of the year was the election. the big story here is the change in the way technology, media treats an election. i remember the debate. the first debate. won by romney. the way i was looking at it. obama is not doing bad. not doing great but basically you got to knock out the champ to beat him. it didn't see a knock-out. all my friends like sean hannity, i sit next two on twitter and they're scoring the debate minute by minute, everything going on in social media. in that case, romney was the winner. that's true with fundraising. each campaign raised $1 billion. how much money is that? for what? >> andrea:
political move omt year? >> can i be the simon cowell of this panel? i i i'm tempted to say the woel obama campaign. but i don't want to be, like, time person of the year, it's you. if it had to be one person, chris christie. for having the guts to not just look after new jersey, but, literally, hug a democratic president in the face of everything that he knew his party would reign down on his head. help the president. help new jersey. >> so despite the fact you were techt tempted to give it to the ground game, you crossed parties? >> seeing goodwill to all people. >> all right, victoria, are you going to be as bipartisan as richard? >> i'm not. and i'm going to roll it back. i'm going to go back to february because i think when president obama rolled out his contraception mandate, tlafs absolute genius. he foresaw that republicans and the catholic chunrch was going o come out gensz it. he came out having his cake and eating it too. >> so the contraception move by the president way back in march. >> and then you have the susan g. koman competition coming around. >> jonathan? >> well, speak
of it and we've seen president obama take this tactic before. during the payroll tax cut fight, you'll remember he ran out and talked to people in different states and tried to ramp up pressure congress in that way. last night president obama came out, addressed the nation and again tried to turn up the heat on congress by saying essentially that americans are fed up. he tries to bring the public into this debate to increase pressure, so certainly the interview on "meet the press," currently a part of that strategy and the president and his staffers watching these negotiations quite closely going on behind the scenes. >> kristen welker, thanks. we'll come back to you later. >> over to capitol hill now, luke russert is standing by. luke, what are you hearing, if anything, about progress today? >> reporter: this morning, craig, there were a hints of optimism and that's subsided to a degree. as kristen mentioned. there are sources close to the talks that say no deal has been reached and again, these negotiations are fluid. they go up and down. it's not an easy road to get to these things at the en
? does he blink obama's plan to the floor or try to work with mcconnell in this 11th hour. you will have a tough vote for many house republicans. if that level is at 250 and it includes unemployment, make it so republicans may not. >> joy, do you think we have a deal? >> you know, ill'm still very dubious. but if there is a deal, it will be with a majority of democrats in the house and there's a political risk for boehner in that. >> thank you. you've been watching "hardball." we'll be back in one hour with an all-new live edition. until then, "politics nation" starts rite now. >> thanks, richard. thanks to you for tuning in. breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this t
you've got to have pelosi in the room. that's a strategy there. isn't it true that president obama and nancy pelosi have expressed their interest in some kind of cpi, changed cpi, consumer price index in the past? other democrats have as well. so i'm getting the sentence that harry reid and the democrats don't want a deal. they want to go off the cliff. >> well, and that's certainly one opinion that's out there, andrea. the cpi aspect, democrats said, you know, we were willing to do that if you were talking about a huge 4 trillion dollar teal deal where we're going to cut a lot of different things, but as part after smaller deal they're trying to iron out over the course this have weekend, they said that that was a poison pill. so bottom line, they were not happy with this at the last minute. they made it well-known to everybody today to certainly stop it from happening so then we heard from a lot of republicans saying, fine, if it's a deal breaker, we're not going to do it and certainly the republicans would like some other sweeteners that would be appealing to them in the final d
at some of the most memorable presidential moments of this election year. >>> president obama and senate members will be here in washington tomorrow, but we'll be hearing crickets on the house floor. nbc news has learned the republican leadership has not given representatives the 48-hour notice to return to work, another sign of inaction on the fiscal cliff front. joining me now for our daily fix, mr. jonathan capehart, msnbc contributor and "washington post" editorial writer. jonathan, we're just six days away, no indication from house republicans that they are going to come back any time soon. the leadership has gone mum on that. we know there's not been communication between boehner and mcconnell, obama and boehner. are you amazed with this short amount of time to go there seems to be no sense of urgency on either side? >> am i amazed, given what we went through with the debt ceiling, no, i'm not amazed. i think there are forces here in this town that would like for us, sure people would like for there to be a deal, but going over the cliff on january 1st when there's this notion wher
? >> i know that president obama takes this very, very seriously, and i know that barbara lee and a number of the members of the house have been really pushing this, as it's something not to be forgotten in the fiscal cliff fight. i put my faith in them to continue to raise this flag and to say, we cannot let congress leave washington without taking care of these folks. >> john nichols, as always, thank you so very much, my friend. that's it for the ed show. >>> brother ezra, always good to see you, my friend. >> good to see you too, and happy friday. and thanks to you at home for sticking around for the next hour. rachel's got the night off, but we learned something huge today. we are going over the fiscal cliff. we are going either all the way over or going partly over, but we are definitely, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference
on windows. okay, i'm outta here. cascade. the clear choice. >>> welcome back, everyone. president obama is heading back to the white house. he's cutting his vacation short to be in washington where priority number one is avoiding the fiscal cliff. >> unless the president obama and congress can reach a deal by the new year, tax increases and spending cuts will take deep effect. >> president obama's re-election was one of the biggest political stories of the year. >> with the first of our year enders, here's abc's karen travers. >> reporter: president obama had to overcome a well funded opponent, struggling economy and voter doubts that he had the right agenda to turn the nation around. and after a roller coaster season, he got them. mitt romney may have started off at the front runner, but to win the republican nomination, he had to fend off some feisty challengers. >> he's the worst republican in the country to put up against president obama. >> reporter: and overcome some self-inflicted wounds. after 50 primary contests, romney clenched the nomination and it was on to the general elect
around the world. president obama and congress return to work today with little progress seen on a deal to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take
>> flying in for the fiscal cliff deadline. barack obama scrambles to reach a deal on the national deficit. >> hello, you're watching "al jazeera" live from doha. here are the top stories now -- crisis in the central african republic. the president calls for international help to fight rebel forces. >> five years after bhutto's assassination. the son makes his debut. >> u.s. lawmakers give thems a last chance to stop the falling off the fiscal cliff. it's no deal has been actually reached. budget cuts and tax hikes will tax place on january the 1st. >> president barack obama returned to washington deeply meyered in another partisan stalemate. but over in the capitol the lower house of congress remains dark to avert the fiscal cliff. it's republican leader will call the session on sunday. the top senate said his branch of congress must take the initiative on a compromise. >> it appears to me the action if there is any is now on the senate and we will have to see if we're able on a bipartisan to move forward. >> but the democrats say there can be no deal without republican concession
be charged with her murder. you were watching al-jazeera, live from london. barack obama says congress must act now to avoid economic disaster in the u.s. women march for peace and the central african republic as advancing rebels prepare for talks with the government. 4 die when a russian airplane crashes onto the highway in moscow. >>> for 13 days, doctors had fought to keep her alive but her injuries were too severe. now the six men accused of gang raping the 23-year-old woman in india are being charged with murder. she was thrown from a moving bus after being assaulted. thousands of people have called for more to be done to protect indian women against sexual violence. from new delhi, we have this report. >> they came and the hundreds to mourn the young woman brutalized and to show their anger to lawrence the authorities who have not year -- show their anger towards the authorities. the chief minister had already described it as a shameful moment for india, but that did not spare them the rest of the crowd. >> we need to do something because we have too much on the establishment and they
the president tried for weeks to get agreement on plan "a," $4 trillion debt creel. mr. obama has taken initiative to bring plan "c" to the meeting today. >> this is not for show. this is a last ditch effort by the president to bring congressional leaders together to get at least a small deal together before the new year to avoid some of the tax parts of the fiscal cliff. it would keep tax cuts for the making $250,000 a year or less, extending unemployment benefit and with the clock ticking delay dramatic spending cuts until next year. >> i asked leaders of congress to work toward the package to prevent tax hike on middle class americans protects unemployment surance for 2 million americans. lays the groundwork for work on growth and deficit reduction. that is an achievable goal. >> today's meeting is the first with the president since november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he did
. >>> president obama picks up where he left off in hawaii today after a late-night thank you at the white house to both sides for what they did accomplish. >> thanks to the votes of democrats and republicans in congress. i will sign a law that raises taxes on the wealthiest 2% of americans. >>> on wall street, stocks surge in reaction to the short-term deal, but house republicans have only just begun to fight. >> we also need to address the fundamental causes of our debts and deficits, and that's out of control spending. >> i think it's a little unreasonable for senator reid to say that something that they produced on new year's eve, produced by a bunch of sleep-deprived dock gentlem ed e should adopt within 24 hours. >>> the president tries to draw a line in the sign on the debt battles still to come. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >>> plus, hillary watch, just a short time ago, an suv carrying former president bill clinton left from an underground gara
obama wins, republicans lose in a way that perhaps is more telling than just what one election result might suggest. >> well, i think it certainly does. it difference him a certain platform and credibility perhaps he didn't have before. watching as these fiscal cliff negotiations have gone through the holidays, it certainly is more perhaps a little bit more bully pulpit for the president and his position on taxes. the biggest story of the year came at the end of the year in the past week or so, the massacred sandy hook elementary in newtown and i think the presidency now might be shaped by those events. those are the stories barnicle and andrea have chosen as the top stories of 2012 to cover. >> mike barnicle, would you agree this could be a signature of a second term. >> i do agree with that. i think the events a few days ago of newtown in connecticut will help shape the president's second term in office and gives us huge impetus of change in this country that have taken too long to take hold. i think to the presidency himself and man himself was shaped and altered by these events as
. that is the strategy right now. president obama will be working with what ma jority leader reid trying to get something through. the president wanted a big deal given the time constraints and only six days left, he conceded to a big deal is probably not possible. the goal now is just to get a gap measure to prevent the steep tax hikes from kicking into effect and the deep spending cuts. right now that is the large goal. i can tell you that competence in lawmakers is dwindling according to the latest poll. 50% of americans believe that lawmakers will be able to prevent going-over the fiscal cliff. that is a drop from seven points from december 16th. consumer confidence in the lawmaker'sability to get something done. if we go over the cliff, it could have ramifications including leading the country back into a recession. >> can you tell me or do we know whether president obama spent any time on the phone with mitch mcconnell or john boehner or the republican leaders? that's a good question and has not happened during this holiday vacation. talks between the main players here are largely stalled. there ha
've also learned that president obama personally called harry reid and nancy pelosi to ensure that they are on board with this plan. our chuck todd says it is not likely that we would see a deal on that vote before midnight, just on the logistical standpoint the house remains adjourned until tomorrow. mike, what is the latest you're hearing about a possible vote tonight, maybe not before midnight at this point, but sometime during the night? >> yeah, i don't think it will happen before midnight, just too many procedural hoops to jump through, and they haven't even completed writing the bill. vice president joe biden arrived, met with harry reid briefly, and walked into the second floor and into the caucus room where democrats had gathered. joe biden's mention to pitch this deal, to the caucus, one mention, if they're going to bring it up tonight. we talked about the senate and how slow it moves. it can move very fast, when they have unanimous consent, in other words, where every senator says it is okay to move forward. that will be the trick. there will be a lot of senators wi
, and they also defeated -- you remember that president obama had asked for $50 billion for an infrastructure bank in his first ask? infrastructure bank. and they also got that taken off of the table. so essentially that's a win. they got that taken away. by the way the infrastructure bank would have been a great thing for this country. so we didn't get absolutely everything, but looking at the whole balance sheet in a much neater way folks, this is the scorecard. all of these wins for the democrats and these wins for the republicans. hello? it is time to stop whining. despite what you are going to hear from some progressives this is not perfect, but no compromise is perfect. would we have loved to see the tax rate increase begin at 250,000 rather than 400,000? yes. would republicans loved to have cut social security and medicare? of course they would. but in the real world, ♪ you can't always get what you want ♪ but as the rolling stones once said you get what you need. i was advocating for going over the fiscal cliff, because it seemed like it would be think only opt
of the issue calls for rational discussion. lou: thanks for being with us. president obama's first callll after winning his second termter went to president bill clinton. hey, what happened to governore chris christie? former clinton special counsel wnd steven haze of the weeklye standard dryness. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flightanytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. what's in your wallet? hut! progressivive direct and other car insurance companie yes. but you're progressive, and they're them. yes. but theye here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us andhem -- now that's progressive. call or click to
americans but key disagreements on eptitlesments and tax rate thresh finds remain. president obama's original plan called for increasing taxes on families earning more than $250,000 now $400,000 could be a number on the negotiating table. >> the $400,000 level seems to me to be with about right. that represents about the top 1% of income earners in the country and is they got knee% of the growth and there is some flexibility there. >> reporter: the republicans say the u.s. is not facing's revenue problem. >> i feel like i'm a lifeguard and we have to save as many people from drowning and higher taxes as we can. >> reporter: in the weekly address to the nation, president obama urged congress to do something. >> we can't afford a politically self-inflicted wound to our economy. >> reporter: congress will try to find compromise. >> i am still optimistic and i think we can avert this and there is enough common sense to come together and get it solved. >> reporter: a combination will kick in on january 1st. if no deal is made, president obama will press congress to vote on a plan c, one
. >> the stock market surged as wall street reacted. late last night congress finally sent president obama legislation. >> this law is just one step in the broader effort to strengthen our economy and broaden opportunity for everybody. >> but at one point it looked like the deal could fall apart. >> there is some on spending cuts and we are adding to the debt. >> what we are doing is raising taxes to give the president more money to spend. >> some republicans were pushing to john boehner to add spending cuts but there weren't enough votes to get it passed. so they extended tax cuts for all workers for all those under $400,000 and extended unemployment benefits for some two million people. but the payroll tax expired so increase on salaries by 2% every worker up to $110,000 a year. then the stuff it didn't do. congress set up new ones, in just two months they will need to deal with the automatic spending cuts and nasty fight over the debt ceiling. last night president obama declared he is not willing to debate congress on the borrowing limit. >> we can't not pay bills that we have already i
, a couple day it's, a couple weeks to also hurt president obama because he is also steer -- >> i agree. >> he's a guy who if the markets are tanking people look to the president and say why don't you do something, get these guys to get on board -- >> i understand. >> and get it done. >> i think you're right. i think everybody gets hurt but mostly republicans. late today on the senate floor majority leader harry reid said what has become more and more obvious. the prospect of reaching a deal to avoid the fiscal cliff before january 1st a very unlikely. that's putting it lightly. let's watch. >> there's 435 members of the house. of what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. the speaker just has a few days left to change his mind, but i have to be very honest, mr. president, i don't know timewise how it can happen now. >> well, that was plain. this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take
, the angst, anxiety, where did he end up? where we started. president barack obama in the white house and a house of representatives. we can't hold it in any longer. our very last show of the year is something of an experiment. our first ever annual look back in laughter. we begin the year with the op liptic decline on the mayan calendar. why else would the republicans risk leaving the country? to be run by any of this cast of characters. they thought they would be blown to oblivion. the cookiest of this crew bowed out before 2012 got going. we feared the year might leave us without the gems of 2011, like this one from our favorite pizza man. >> you agreed with president obama on libya or not? >> okay. libya. um, um, nope, that's a different one. i gotta go back and see. all this stuff twirling around in my head. >> or maybe this one from texas governor rick perry who bailed on his presidential hopes by mid january. >> i will tell you, it's three agencies of government when i get there that are gone. commerce, education and the, what's the third one there? let's see. >> yeah. it's one
adam: i'm adam shapiro in for melissa francis. here's what's "money" tonight. president obama and congressional leaders try to pull off a fiscal cliff hail mary. their last-ditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. we have the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you can get in on this game. >>> iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. is iran just sabre-rattling or gearing up for something much bigger? even when they say it's not, it is always about money. adam: and a good evening to you. melissa francis will be back after the first of the year but right now let's look at today's market headlines of the investors were largely gripped by unfolding events in washington regarding the fiscal cliff.
have spent 12 years attacking the 2001/2003 bush tax cuts. they all voted against it. obama attacked it regularly. now they're out there helping to preserve about 84% of those tax cuts and making them permanent. the republicans and the taxpayers in this country have lived with a damocles sword over their head because the democrats so hated these tax cuts for the middle class and everybody else, that they made them temporary. and they ended several times. two years ago obama let it go out for another two years. now we're getting permanency for 98, 99% of americans with the bush tax cuts and obama's presidential campaign in 2012 changed his promise from 2008. 2008 he'd never raise any tax on anyone who earned less than $200,000. 2012 he said he wouldn't raise income taxes on anyone earning less than $200,000 this year, meaning 2013. he had only promised people he would protect the middle class from income taxes for 2013. what the republicans have won with this fight is permanent protection for most americans on those taxes. >> but the reason that a lot of these conservative tea party r
, but it did help president obama, explain that? >> yeah, were there reporters, a lot of reporters who were rooting for barack obama? absolutely, no question. but did mitt romney lose because of that? no, but no with an asterisk, let's take one example, benghazi. the media played down that story. if they had played it up that could have been a big deal, could have been a game changer, could have swayed the election. mitt romney didn't either, and he decided after the first presidential debate to play it safe, run out the clock, bad strategy and then the hurricane and the embrace with the governor, and the president, lights out. here is where the asterisk is, and media did affect the election. when president obama-- when president obama decided he wanted to run for president, the media decided they were going to fall in love with him. he were going to create an image of somebody who was bigger, better, different, smarter, than any other politicians who came before him. he wasn't even a politician, as far as they were concerned. he was-- there was a chum in the wall street journal that descri
've been told another bottle of d.c. snake oil. in the end, president obama got his way, a deal and moments later he boarded air force one and jetted off to hawaii to enjoy the golf, hawaiian ice cream and the body surfing. i open up with you. give you props here. you said it would get resolved. >> bob: where do you think he should go? ubeck stan for his vacation? >> eric: not sure what the deal was. >> bob: this is not a grand deal but obama did win. he got what he wanted to get done. in the end, he had less trouble with the caucus than i thought he would. real trouble two months from now when they have a spending problem. only thing they can deal with is entitlements. that is laid town clearly in the caucus. not willing to go along with any alteration in social security. that is a problem. how much infighting there is now among the republicans. >> eric: not much on the table here. >> eric: meaningful spending cut. tax increases through the list, payroll tax holiday expires. tax for people making over $400,000. >> dana: marriage tax penalty as well. higher end marriage penalty added back i
from president obama today. first, chief congressional correspondent mike emanuel on what seems to have been settled and how and what is still up in the air at this late hour. hi, mike. >> hi. bret. we hear from the republican senators they are optimistic and hopeful that a vote can happen sometime, perhaps later tonight. senator mitch mcconnell e-mailed and said he thought the deal was done until the white house called to say the sequestered cuts should be turned off. since then, she trying to find a way to bye down months of the cut but says the tax issues shooting forward. >> we will continue to work on finding smarter ways to cut spending. but let's not let that hold up,be protecting americans from the tax hike that will take place. we can do this. we must do this. >> though it is down to the wire. >> it's december the 31. january 1 is tomorrow, 2013. taxes go up. >> frustrated senator john thune says the senate should have acted months ago to keep the u.s. economy going off the fiscal cliff. >> i find it really hard to sit and listen to people come up now and wring their hands and
obama seemed resigned to going over the cliff. >> if all else fails, if republicans do, in fact, decide to block it so that taxes on middle class families do, in fact, go up on january 1st, then on january 4th the first bill to be introduced on the floor will be to cut taxes on middle class families. >> and this morning former white house spokesman robert gibbs was even more blunt. >> the republicans simply can't utter the word yes. they cannot utter the word yes. i mean, i feel like it's -- i feel like you're talking to a 5-year-old, and, you know, you're saying, look, you have to eat your vegetables. the 5-year-old says, ah, you know, maybe. i will eat half of them, and you say will you eat a quarter of them? i will eat a quarter of them. >> out of control 5-year-old. still, the senate is back at it today trying to resolve the impasse. while the two sides seem to be nearing an accord on taxes, they continue to battle over republican attempts to make social security cost of living cuts or chain cpi. it led to this bit of sarcasm from harry reid. >> i was really grat tied to hear of the
determined by the exceptional success of people such as barack obama and oprah winfrey." and she makes a great point there, but at the same time can they be representative of the aspirations of the group at the same time? her point is brilliant but -- joe louis represented our interests. >> sure. sometimes exceptionalism works against the african-american community. but also they reflect our current moment. there's something to be said about the way race operates here and reflects our society today. >> dr. james peterson, thank you so much. that's "the ed show." i'm michael eric dyson in for ed schultz. "the rachel maddow show" starts right now. ezra klein is filling in for rachel tonight. not django. good evening, ezra. >> good evening, michael. thank you very much. and thank you to you at home for sticking around for the next hour. rachel has a well-deserved night off. but today on the senate there was a rare sighting on the senate floor. especially around this time of year. right now the senate is usually a bit of a desolate place, but today at exactly 2:34 p.m. eastern standard tim
. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. i just have to repeat. you know, outside of washington, nobody understands how it is that this seems to be a repeat pattern, over and over again. ordinary folk
three business days to pass legislation to avoid going over the fiscal curb. president obama has cut his hawaii vacation short and is on his way back to washington. the democratic senate will be in session tomorrow but the republicans are staying home. the republican aides tell nbc news that the house will not be in for business tomorrow. they released the statement calling on the senate to act first. senate majority leader harry reid quickly responded with a statement of his own. how else republicans pushed middle class families closer to the cliff by wasting an entire week with their incompetent plan b stunt. it is time for house republicans to put middle class families first by passing the senate's bill to protect 98% of americans from a tax hike on january 1st. the senate bill could pass tomorrow if house republicans would simply let it come to the floor. despite the impasse in washington, a new gallup poll shows 50% of people still believe it is likely that president obama and republicans will reach an agreement before we go over the curb on january 1st. among the believers is conse
>>> breaking news here. president obama, vice president biden, mcconnell, pelosi and reid and boehner are meeting to discuss the fiscal cliff. we are hearing the president's planning to present a smaller offer. for the latest, we bring in peter alexander from the white house and mike viqueira from capitol hill. peter, let's talk about what's going on at the white house meeting. i hear senators are optimistic about a mini deal which, of course, will raise taxes on those above $400,000. expand the amt, cut some spending. what are you hearing? >> reporter: well, hearing a lot of different things right now. one of the items and ruled by rumor and then denials and frustrations, toure. we know that we saw senators mcconnell and reid arriving a short time ago. we didn't pelosi and boehner arrive yet but the vice president joe biden got here a short time ago, as well. there's other reporting from the hill right now about the potential that the president is going to return to what was basically his original outlined plan. perhaps a smaller plan but a plan where the threshold would
the board spending cuts. >> the bill is now on its way to president obama who is expected to sign the bill into law. fox 5's melanie alwick is live on capitol hill this morning with a closer look at the deal. melany. >>reporter: wisdom, you know, it was definitely a nailbiter all day here on capitol hill, despite the bipartisan approval in the senate early on new year's day, passage in the house was definitely not certain, and as the evening wore on, hill watchers were starting to get a little nervous. it was literally the 11th hour, 11:00 last night when house speaker john boehner finally put the senate version up for a vote. it passed 257-167 with mostly democratic support. for much of the day house republicans argued over whether to change the bill by tacking on spending cuts and send it back to the senate. senate leaders warned that would blow apart the entire deal. now, the bill means that taxes will only go up on americans making $400,000, couples making $450,000 and that's fewer people than president obama initially wanted. it also extends long-term unemployment benefits, fixes the
with president obama at the white house. among the leaders, republican house speaker john boehner and senate minority leader mitch mcconnell. harry reid and nancy pelosi were there. steve chenevey live on capitol hill right now. >> that meeting at the white house lasted just a little more than an hour. they started at 3:10 and were done by 4:15. no major decisions were made. president, reportedly telling congressional leadership, if you do not have a better plan than i do by now, we need to get to voting on my plan. the clock is still ticking in advance of monday night's deadline. frustration being felt not just inside the capitol, but i constituents outside as well. >> i am a little worried about the future as well, for my kids mostly. >> it is a popular thought outside the capital. >> there is an understandable frustration. >> chris van hull and is hopeful a deal can be reached by tuesday, although it will likely be a smaller deal that addresses only the major parts of the fiscal cliff from taking effect. >> we have got to get on a larger agreement, to make sure we sustained a very fragile
you, gerri. gerri: president obama is in washington negotiating a deal to revert the fiscal cliff. the first time and there are 500 billion in tax hikes coming your way. december 31. grover norquist from the president of americans for tax reform are warning that that is only the start of our problem. >> in addition to the bush tax cuts, 500 billion-dollar tax increases, a trillion dollars in obamacare taxes, all the taxes to pay for that free health care we are supposed to get. 90% of the tax increases to pay for obamacare were conveniently postponed until after obama got himself safely reelected. they begin to hit january 1 of this coming year. they are unpleasant. gerri: absolutely unpleasant. it is a disincentive to invest into work. i don't know what people are going to do down the road. now it seems that people are saying it's up to the senate. it's in the senate ballpark now to do something and to get some kind of bill. will they do anything at all? >> all the focus has been on president obama and the house of representatives. the leader, speaker boehner. some of us went to
: thank you. a federal tax credit for wind power producers expires in 2013. the obama administration is pushing for new taxpayer support for wind projects. with our budget deficit soaring an intense debate is heating up over whether the government should be throwing your tax dollars at industry the first place. i asked robert bryce, senior fellow at the manhattan institute about this issue. let's start with the tax credit. >> sure. gerri: this is industry, let's face it they don't have a whole lot to show for themselves yet we subsidize them to the tune of $1.2 billion. why? >> remember the industry said we're all about reducing carbon dioxide. that was the whole argument. now it shifted we create jobs argument. if congress does not extend production tax credit we'll lose 37,000 jobs. they might get an extension but there is big push among utilities, a lot of groups to end the tax credit and it very well could be ended. gerri: it doesn't work that well. 84% fail to produce electricity when the demand is great. as a solution to our energy problems how would you rate it? >> it is not a
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